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01/07/2023

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26/06/2023

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Moreover, the study showed that the people who made more purchases that matched their personality reported higher levels...
26/06/2023

Moreover, the study showed that the people who made more purchases that matched their personality reported higher levels of life satisfaction than people whose purchases didn't match their personalities, the researchers said.

"Historically, studies had found a weak relationship between money and overall well-being," Joe Gladstone, an author of the study and a behavioral economics researcher at the University of Cambridge in England, said in a statement. "Our study breaks new ground by mining actual bank-transaction data and demonstrating that spending can increase our happiness when it is spent on goods and services that fit our personalities and so meet our psychological needs." [10 Fitness Apps: Which Is Best for Your Personality?]

In a second experiment, the researchers gave the study participants a gift card for either a bookstore or a bar. The extroverts who spent gift cards for a bar were happier than introverts who spent the bar gift card. And the introverts who spent the bookstore gift cards were happier than the extroverts who spent them.

"They did not trust each other in the control conditions when they had nothing to exchange," Camera told LiveScience. In...
24/06/2023

"They did not trust each other in the control conditions when they had nothing to exchange," Camera told LiveScience. In particular, as group sizes increased, people were more wary of others, he added.

The researchers then introduced tokens, which had no value outside of the laboratory, to see if they affected levels of trust and cooperation between the study participants. The researchers found that when tokens were involved, people became more likely to cooperate. Individuals started giving out tokens in exchange for help, and expecting tokens when they extended help to others.

"It's not that they trusted others, but they trusted that others would help in exchange for a token," Camera explained. "This object, which has no intrinsic value, acquired value and became a symbol of trust."

Early human civilizations survived by sticking together in small groups and trading within them, but modern societies ar...
24/06/2023

Early human civilizations survived by sticking together in small groups and trading within them, but modern societies are largely based on transactions between strangers. The researchers wondered what drives cooperation between people who don't know each other. [5 Ways Relationships Are Good For You]

In the study, the researchers examined human interactions in a control setting — in which there were no incentives to cooperate, but also no incentives not to cooperate — and found that people were primarily self-interested. To evaluate the degrees of cooperation, the participants played a "helping game," in which they had to consider the costs and benefits of helping an anonymous stranger. Camera and his colleagues observed these interactions in groups of two, four, eight and 32 people.

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